The Milwaukee area ended 2020 with its best year ever for home sales, a feat brought-on by the pandemic.

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U.S. home sales rose an unprecedented 24.7% in July, extending a rebound in June after the coronavirus pandemic all but froze the housing market this spring.

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The real estate market picked back up in July after months of slumping sales because of the coronavirus pandemic, as Wisconsin recorded a record number of sales of existing homes last month.

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U.S. home prices gains accelerated in April even as sales have stumbled, a sign the coronavirus outbreak has had little effect on real estate values.

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The U.S. economy and housing market had set homebuilders up for a strong 2020. That was before the efforts to stem the spread of the coronavirus pandemic knocked the economy into a skid, dimmed consumer confidence and left a record number of Americans unemployed.

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U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak.

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U.S. new home sales jumped 7.1% in August, as low mortgage rates pull buyers into the housing market.

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Sales of new U.S. houses slumped by 7.8% in May, as sales plunged in the pricier Northeastern and Western markets.

Tagged with: home sales U.S. Department of Commerce

More Americans signed contracts to purchase homes in March compared to the prior month.

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Sales of existing U.S. homes fell in March after a huge gain the previous month, held back partly by a sharp slowdown among purchases of the most expensive properties.

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